Samsung has announced its earnings guidance for quarter one of 2019, the company is expecting to post sales of 52 trillion won and an operating profit of 6.2 trillion won.
This is down significantly from the same time last year where they had gross sales of 60.56 trillion won and an operating profit of 15.64 trillion won.
The company has seen less demand for its displays for Apple’s iPhones as sales of Apple’s smartphones have been down, this has affected Samsung’s profits.
Samsung will release a detailed breakdown of their quarter one earnings in a couple of weeks and we will get more information on what has caused the profits and earnings to be down on last year.
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